Marcus Today Funds Management

In order to make life simple I have established a two Separately Managed Accounts (SMA’s – a type of managed fund) which allows Members to invest with us.

“SMA” is a bit of jargon. From your point of view consider it as a fund, a mechanism that allows us to do your stock picking for you, that effectively appoints us as your own personal fund manager.

We have invested our own money into the SMA and offer Members and non-Members the opportunity to invest alongside us. WE have two funds the Marcus Today SMA (growth focused) and the Marcus Today Income SMA.

A feature of an SMA that might interest you is that through this structure you are the beneficial owner of the underlying shares, we are simply directing traffic. You are not buying units in our fund as you might with a managed fund, you (we) are buying the individual underlying stocks beneficially in your name (they are actually held beneficially in your name by the custodian HSBC).

Unlike a managed fund that has its own tax position, using the SMA you can utilise your own tax status and collect your own franking credits, which for pension phase investors is essential. It also means that if Marcus Today went bust we have no beneficial interest in your shares. They, and your cash, are instead held by the custodian (HSBC) with you as the beneficial owner.

Join Us – it’s where we invest!

You have the choice of two Marcus Today SMA investment portfolios – a high conviction total return portfolio and an income portfolio focused on high, tax-effective dividends.

Marcus Today Growth SMA

The Marcus Today Growth SMA is an Australian Equities fund focused on investment in growing companies. The SMA can hold up to 50 stocks and a cash weighting between zero and 100%.

There is no minimum amount that can be invested in any one stock, but it is unlikely any stock will hold a more than 10% weighting.

The SMA looks to achieve a superior compound total return from companies that have a high return on equity and that keep and reinvest their profits. The SMA operates with a roughly 80/20 split, a risk management decision to commit 80% of the fund to what we consider to be the best opportunities in large-cap (typically ASX 50 – ASX 100) stocks, with the remaining 20% of the fund is primarily used to target more aggressive growth plays.

The Growth SMA will suit investors seeking long-term growth, who are willing to assume a greater risk than an ASX 300 index fund in order to expose themselves to the potential to generate a return better than the ASX 300 in any given year.

Marcus Today Equity Income SMA

The Marcus Today Equity Income SMA is an Australian Equities fund focused on delivering the highest yield possible, while minimizing the risk of capital loss. The SMA can hold up to 50 stocks and a cash weighting between zero and 100%.

You won’t find the star growth stocks in this fund, we do that in our other SMA, but what you will find are large, well-researched companies that possess both a good earnings and distribution history. This strategy sees us primarily invested in high-yielding large-cap stocks within the ASX 50, with the ability to invest in smaller companies offering a strong income opportunity.

Whilst we have the mandate that allows us to go up to 100% cash we intend to remain fairly fully invested unless there is a significant market event. As such the Equity Income SMA looks to be close to fully invested in order to maximise income, although we will ‘trade’ themes and opportunities in income stocks, often around the dividend dates.

This portfolio will suit investors who are looking to generate an income stream from equities.

Performance fee

We charge a 10% performance fee (we get 10% of any out-performance subject to certain conditions) – which may put you off – but it is a statement that we are highly geared to our and your success, not just because we are invested ourselves, but because we make more money if you make more money. Our interests are aligned. Without a performance fee our goal would simply be to sell you the SMA and keep you in it, not spend all day worrying about making money for you, which is what we do

*Please note

Please note that the Marcus Today SMA (separately managed account) and the Marcus Today Income SMA are managed independently of the Marcus Today newsletter portfolios published in the Marcus Today newsletter under the portfolios tab. The newsletter portfolios are managed by Marcus Today staff and are hypothetical in nature. Hypothetical portfolios by definition allow a higher risk profile and more trading activity than the SMAs which are long term investment portfolios with an ASX benchmark and a more robust quality overlay. For compliance reasons the Marcus Today staff managing the Marcus Today newsletter portfolios are deliberately unaware of the SMA changes as they occur and the SMA Manager is unaware of the Marcus Today portfolio changes until they are reported in the Marcus Today newsletter. As such there can be material differences in the holdings, cash weightings, changes and timing between the SMA portfolios and the Marcus Today newsletter portfolios. If you wish to invest in the Marcus Today newsletter portfolios you will need to monitor the portfolio changes through the newsletter and manage your investments yourself, independently of the SMAs. If you wish to invest in the Marcus Today SMAs then you are in the right place.

Fund Information Pack

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